# U.S. Oil Prices Fall to Lowest Since April

> U.S. sweet crude for December delivery closed 2.5 percent lower at $63.69 a barrel on the New York Mercantile Exchange, its lowest close since April 9. Oil prices dropped to their lowest level in nearly seven months.

- Date: 2018-11-01 · published 2018-11-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9154-u-s-oil-prices-fall-to-lowest-since-april
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A seven-month low in crude reflects a weak energy complex that lowers costs for ethanol and biofuel-linked feed co-products, with limited direct grain impact.

## Read by commodity

- WTI: bearish ▼

## Sources

- wsj.com: https://www.wsj.com/articles/oil-prices-fall-amid-rising-output-demand-concerns-1541073381?reflink=e2twmkts

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.